let s now get down to business. we start with energy as more eu caps on russian oil have come into effect. the price of premium products, primarily diesel, is being capped at $100 a barrel, while low end products, including fuel oil, will be capped at $45. other oil product imports are banned completely from today. the price cap is designed to limit moscow s ability to fund its war in ukraine. enforcement relies on prohibiting insurance and shipping companies from dealing with russian cargo, unless it was bought at or below the set price. i have not got viyella davis to talk about this instead i do have another guest. joining me now is spencer welch, oil analyst with s&p global. we have been talking about eu caps and bounce, what has changed today? changed today? there is essentially changed today? there is essentially three - changed today? there is. essentially three different mechanisms that have been put in place in the last two months. on the fifth of december, the eu
a sweeping remake of their two decade old automaking alliance last month, which should see the japanese company invest in renault s new ev unit ampere. the deal will see the french carmaker reduce its stake in nissan to 15% from around 43%. that will see renault put around 28% of the japanese automaker in a french trust, crucially making the two more equal partners. joining me now is anna marie baisden, head of autos & infrastructure at fitch solutions. nice to see you. we have seen months of fraud negotiations between nissan and renault. are we looking at a happier marriage now or could it lead to divorce? it marriage now or could it lead to divorce? marriage now or could it lead to divorce? it should certainly ut to divorce? it should certainly put them to divorce? it should certainly put them in to divorce? it should certainly put them in a to divorce? it should certainly put them in a better- to divorce? it should certainly put them in a better position. j put them in a bett